| SoCalDude |
| Still considering an 08 Sport/Entertainment but we've all seen the gas prices jump the past few month. Has anyone noticed the deals getting better as new buyers consider vehicles with better mpg? |
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| phins2rt |
quote:
Originally posted by SoCalDude
Still considering an 08 Sport/Entertainment but we've all seen the gas prices jump the past few month. Has anyone noticed the deals getting better as new buyers consider vehicles with better mpg?
I think the $2k incentive is evidence of that. |
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| SoCalDude |
| Just checked out Edmunds. So 2.9% for 60 mos and $2k dealer support. Realistically, one can get at least $1k under invoice? |
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| hipcheck |
There is major trouble in SUV land. Locally I am hearing about drastic drops in the market for used SUVs.
MDX sales were off 13% April 07 to April 08. Even incentives aren't keeping sales up. There are other SUVs with even greater drops.
The big question will be if Acura MDX buyers are wealthy enough to not care about the gas prices. With $4 becoming a reality, I'm guessing things won't get any better for a while. |
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| ebolavirs |
| Brother in law manages a toyota dealership. He said they are already offering people with diesel trucks and SUV's 12k off trade in value for their vehicles if they want to trade them in. Said they are considering not even taking diesels as trades anymore because they can't sell them. Says they can't sell used SUV's either. On the flip side they cannot get enough hybrid SUV's and cars...... |
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| JeffK |
As a frequent poster and one who has benefitted on numerous occasions from other postings, I really do not want to "hurt" any fellow posters, but unforeseen events, is one of the reasons I lease.
Those who have purchased their MDX’s have seen and will continue to see deterioration in the resale value of their MDX.
Leasing protects you against unforeseen events and shifts the burden of resale back to the manufacturer where it really belongs.
Jeff |
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| Fabvsix |
Jeff what works for you may not work for others! Are you a Cancer?
LOL (they get tired of the same thing quick....):rolleyes: :rolleyes: |
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| hipcheck |
I used to lease but found myself trading cars in before end of lease. The hit traditionally was cheaper on a buy (of course that has changed).
Talk about a double whammy, can you imagine the hit the automakers will take on all those leased SUVs out there? I wonder how soon before residuals start to tumble.
I do agree that this is a better time to look ay leases on SUVs than purchases.
The good news for us owners is we don't take a hit until we trade in. Looks like I'll be owning my MDX for a long time... |
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| JeffK |
Dear Fabvsix:
You posted:
"Jeff what works for you may not work for others! "
Really do not know what you mean by that, but one thing is absolutely certain: The resale value of all SUV's, MDX's included, are getting hammered.
I think it fair to say, that as long as gas prices are north of $4.00 per gallon, SUV's will continue to be out of favor.
As I posted, leasing shifts the deteriorating resale value from the owner to the manufacturer/lessor where it really belongs.
JeffK |
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| Russr |
Hi folks
This is not a beef about how expensive our Xs are at the pump. I do, however, find myself feeling a bit ashamed driving such a guzzler at times of economic and environment awareness. I must admit, this feeling detracts from the otherwise fantastic experience I've had with my X (and hope to continue having - bought, not leased!).
It is unfortunate that Honda did not see any need (I suppose oil was "only" $60-80 when the designed the new gen) for providing class, performance AND environmental awareness in their flagship SUV.
When Tahoes and Yukons are coming out with REAL numbers of 20 MPG (better for the short distance hops that get me 10-12MPG on my X), it makes me somewhat sad. Couldn't a bit more effort have been expended to make a higher end VCM system or something of that nature? I was not going to pay $60K for a similarly spec'ed Lexus Hybrid (woman's car!), but would have spent a couple $K more...
Just my little beyatch session!
russ |
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| gmc74 |
quote:
Originally posted by JeffK
Dear Fabvsix:
You posted:
"Jeff what works for you may not work for others! "
Really do not know what you mean by that, but one thing is absolutely certain: The resale value of all SUV's, MDX's included, are getting hammered.
I think it fair to say, that as long as gas prices are north of $4.00 per gallon, SUV's will continue to be out of favor.
As I posted, leasing shifts the deteriorating resale value from the owner to the manufacturer/lessor where it really belongs.
JeffK
I think what Fab is referring to is the fact that the deteriorating resale value is easily offset by the fact that leasing for 5 years (one or multiple vehicles) leaves you with $0 dollars worth of value, where buying a car over 5 years, leaves you with an asset that has value.
Also keep in mind that the cost of the nick, or the ding, extra mileage, or other "unforseen" events will hit you right in the pocket book when you turn in your lease.
Cars are not investments to the extent that they are going to raise in value, but they are in the terms of being an asset that has value. On a purely financial level, leasing is a horrible idea. That being said, buying a new car (vs a used car) isn't much better, but at least you are gaining an asset. |
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| mindmachine |
quote:
Originally posted by Russr
Hi folks
This is not a beef about how expensive our Xs are at the pump. I do, however, find myself feeling a bit ashamed driving such a guzzler at times of economic and environment awareness. I must admit, this feeling detracts from the otherwise fantastic experience I've had with my X (and hope to continue having - bought, not leased!).
It is unfortunate that Honda did not see any need (I suppose oil was "only" $60-80 when the designed the new gen) for providing class, performance AND environmental awareness in their flagship SUV.
When Tahoes and Yukons are coming out with REAL numbers of 20 MPG (better for the short distance hops that get me 10-12MPG on my X), it makes me somewhat sad. Couldn't a bit more effort have been expended to make a higher end VCM system or something of that nature? I was not going to pay $60K for a similarly spec'ed Lexus Hybrid (woman's car!), but would have spent a couple $K more...
russ
Hey you got your facts a little off, I own a 2008 Lexus RX400h as well as a 2007 MDX. Anyway to the point, the Lexus Hybrid fully equipped like mine was not $60,000 and it is not a womans car as far as I am concerned, With AWD it is faster in the 1/4 mile than a Porsche Cayenne S. Granted it's not the same as the MDX ,the SHAWD is hard to beat, but I sure love it at the gas pump. I find I am driving it more than my MDX. I amd averaging around 28.6 MPG on premium though.
And one other point I will add much to my own chagrin, the Lexus fit amd finish and quality of leather, real wood trim is
better in my opinion than the MDX. (Shame on you Acura) I used to stand by Acura I have had several and I was disappointed with my last one. Acura Honda better get it together with the
Acura line.
I still own the 07 MDX but it is going to be my last unless Acura takes some positive steps in both quality and fuel effeciency.
My Lexus listed around $52000 with all the options except the rear entertainment which was the only option left that I did not purchase. |
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| Russr |
Hi MindM!
Sorry - no offense intended... I was seriously considering that "woman's car" myself. When I was looking, the fully loaded 400H (with extended warranty, etc) was pretty darn close - about $58K plus change). I got my X Tech for $41K plus $2,200 for 12k Acura Care.
I agree with you totally about quality of finish, and Acura "cheaping out" on the interior... but the X felt so much more sport-esque!
Biggest consideration in my chosing Acura was the awesome experience I had with my Integra (95). Best service, cheapest cost to own... ahhh, the good ol' days!
And thanks for the 28 MPG sot... I really needed to hear that!
Take care
russ
quote:
Originally posted by mindmachine
Hey you got your facts a little off, I own a 2008 Lexus RX400h as well as a 2007 MDX. Anyway to the point, the Lexus Hybrid fully equipped like mine was not $60,000 and it is not a womans car as far as I am concerned, With AWD it is faster in the 1/4 mile than a Porsche Cayenne S. Granted it's not the same as the MDX ,the SHAWD is hard to beat, but I sure love it at the gas pump. I find I am driving it more than my MDX. I amd averaging around 28.6 MPG on premium though.
And one other point I will add much to my own chagrin, the Lexus fit amd finish and quality of leather, real wood trim is
better in my opinion than the MDX. (Shame on you Acura) I used to stand by Acura I have had several and I was disappointed with my last one. Acura Honda better get it together with the
Acura line.
I still own the 07 MDX but it is going to be my last unless Acura takes some positive steps in both quality and fuel effeciency.
My Lexus listed around $52000 with all the options except the rear entertainment which was the only option left that I did not purchase.
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| mindmachine |
Russr,
No offense taken, I just had to rant a little though about the 2nd gen MDX, I really wanted mine real bad, then I got it and started noting the quality loss over what they used to be. Plus I traded in a 2005 Acura RL made in Japan. I hate to complain about where it was made, in canada, but I think that is part of the problem. With any Japanese auto company, I have founf the models made in Japn are of higher quality at least in the fit and sometimes in the materials too.
My Lexus being the Hybrid was Assembled in Japan so I dont know and cant say how the RX 350 made in canada might compare, except I do know the wood trim is at least real wood.
Anyway I agree with you I really like the 07/08 MDX design and the mechanicals cant be beat for function, its just the execution that has left me wanting.
I am not sure what the 12K acura care is, but my Lexus came with free maintence thru the first 8 service intervals, thats up to 40,000 miles, including tire rotations every 5,000 miles. Plus I got $ 3,000 off of invoice on a special order which I had to do to get the premium sound system and the color I wanted. I think I came out at $ 48,970.
Sorry about the MPG plug but thats what made me get the Lexus RX Hybrid, While the GX 470 and the LX 570 are nice I would not have opted for one of them because I believe gas is going still higher. The oil industry analysts are talking about oil going on up to $200 a barrel and if that happens we will be thinking $4 a gal was cheap.
Good luck with your MDX I know you will enjoy it it is a fine car/suv, I just hope though that Acura wakes up to the future. With the Honda hydrogen car and Honda Hybrids, one would think that that will. |
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| G. COLTON |
quote:
Originally posted by ebolavirs
Brother in law manages a toyota dealership. He said they are already offering people with diesel trucks and SUV's 12k off trade in value for their vehicles if they want to trade them in. Said they are considering not even taking diesels as trades anymore because they can't sell them. Says they can't sell used SUV's either. On the flip side they cannot get enough hybrid SUV's and cars......
Why would anybody even consider an offer like that if they still have a driveable vehicle? Makes no sense to me.
Do not understand their thoughts of diesel either. A diesel truck should be more desirable than a gas engined truck.
Of course I do not believe in trading anyway. I always do much better by buying outright. Then I can sell my old vehicle in my own time.
G |
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| msu79gt82 |
quote:
Originally posted by hipcheck
The big question will be if Acura MDX buyers are wealthy enough to not care about the gas prices.
As a long time poster on this forum, I have to comment on this one. Acura MDX owners have been whining about the mpg (as well as the price of gas) since 2001 - all one has to do is look at all the Regular vs. Premium threads over the years. It is very obvious that MDX owners (as a general rule) NEVER have been wealthy enough "to not care about the gas prices" :rolleyes: |
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| MDX4now |
quote:
It is very obvious that MDX owners (as a general rule) NEVER have been wealthy enough "to not care about the gas prices"
I think this is very indicative of Americans' need to "Keep up with the Jones'" at no expense (not to mention the high amount of foreclosures that have sprung up recently). Too many individuals live beyond their means.
At an average of 17 mpg and 15,000 miles a year, one would go through about 882 gallons of gas a year. Being that Premium is about .20 cents extra, that comes out to an extra $176 dollars a year vs. regular.
If people can't honestly afford an extra $176 dollars a year for proper gasoline on their $45K 4,500 lb upscale SUV, they obviously have far larger problems.
Although, maybe people just like *****ing about things they have no control over? ;) |
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